4 ms·
Turns out late hegemonic capitalism has a similar failure mode to late Soviet central planning.
by ElevenLathe 2y ago
Turns out late hegemonic capitalism has a similar failure mode to late Soviet central planning.
- vundercind 2y agoRelaxing various rules on investment and m&a, and allowing unprecedented levels of market power concentration (it’s a lot worse in many major industries than what promoted our first big wave of “trust busting”) turns out to be less than awesome.